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HousingWireHousingWire Roemanu, the holding company for Toorak Capital Partners and Merchants Mortgage, announced on Tuesday that it has hired former Finance of America executive Charles Macintosh as its chief operating officer. Macintosh will also join Roemanu’s executive committee and oversee multiple areas of the business from its headquarters in Tampa…
Continue reading →HousingWireHousingWire The U.S. Department of Justice (DOJ) announced this week that it has secured a $2.4 million settlement from James B. Nutter & Co., aka Nutter Home Loans, to resolve allegations that the lender had underwritten ineligible reverse mortgages to be insured by the Federal Housing Administration (FHA). The lender…
Continue reading →HousingWireHousingWire The mayor of South Portland, Maine, recently acknowledged that property taxes in the region are particularly challenging for those living on a fixed income. When offering advice on how to manage these costs, the mayor brought up the potential for a reverse mortgage. This is according to local reporting…
Continue reading →HousingWireHousingWire After the Federal Reserve lowered benchmark interest rates by 50 basis points last week, mortgage rates continued to move lower, although at a slower pace compared to recent weeks. At HousingWire‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.25%, down 9 basis points from…
Continue reading →HousingWireHousingWire Invitation Homes, the largest owner of U.S. single-family rental homes, has agreed to pay $48 million to consumers and change some of its practices, according to a proposed settlement with the Federal Trade Commission (FTC) that was announced Tuesday. According to the FTC, Invitation Homes advertised monthly rent prices…
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